PET bottles are made from a plastic resin, chemically known as polyethylene terephthalate. Unlike other plastic vessels made from PP, HDPE or PVC, PET bottles are transparent, light weight but high in strength, easy to handle, shock resistant and produces no toxic residues. PET bottles are cost effective and can also be recycled which helps in reducing the amount of waste generated from plastics. They are also impermeable to CO2, oxygen and water which makes them suitable for storing the products. Due to these factors, manufacturers across the food and beverage industries are shifting from glass and metal containers to PET bottles. These bottles are used in packaging of various consumer products like soft drinks, mineral water, spring water, liquor, juice, food & non-food products, medicines, etc. A recently published report by IMARC group entitled “PET Bottle Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” finds that the global PET bottle market was worth 16 Million Tons in 2015 with the market growing at a CAGR of 1.7% during 2008-2015.

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PET bottles are swiftly becoming prominent in the packaging sector all over the world. They offer design flexibility and can be moulded into different shapes, sizes, colours, etc. which benefit the brand owners as they can exercise unique marketing strategy. An increasing demand for bottled beverages and replacement of glass and metal containers with PET bottles is currently driving the growth of PET bottle market. Other factors like growing urbanisation in developing countries, rising disposable income and the growth in the FMCG (Fast-moving consumer goods) sector are further propelling the demand of PET bottles.

The report has segmented the PET bottle market on the basis of end-use. Currently, packaged water represents the largest end-use market for PET bottles followed by carbonated soft drinks, food bottles & jars, non-food bottles & jars, fruit juice and beer. While the demand for carbonated soft drinks will be slightly less in both mature and emerging markets due to a shift towards healthier drinks, the segment of packaged water is expected to remain strong over the next five years. Region wise, the global PET bottle market is dominated by the Asia-Pacific region, followed by North America and Europe. Globally, Amcor represents the largest manufacturer of PET bottles. Other key manufacturers include Tetra Laval, Crown Holdings, Ball Corporation, Rexam PLC, ALPLA, etc.

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